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Korea based fintech app developer Viva Republic has raised $48m in Series C funding led by Goodwater Capital. Viva Republic makes Toss, a Korean payment processing app.
The deal is PayPal’s second investment this year — coming just days after it backed health startup Virta — but the round was led by San Mateo-based VC firm Goodwater Capital, which led Viva Republica’s Series B round and counts Korean tech giants Kakao (messaging) and Coupang (e-commerce) among its portfolio. Bessemer Venture Partners, Altos Ventures and Partech Ventures also participated in the round. The deal takes Viva Republica to $76 million raised to date. The company didn’t provide a post-money valuation, but Goodwater Capital partner Eric Kim said there’s “a clear path to it becoming one of Asia’s most significant fintech unicorns.”
https://techcrunch.com/2017/03/09/viva-republica-toss-korea-paypal-goodwater-capital-48-million/
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